Insurance company sought to withdraw its first appeal against a bank; the court released the bank guarantee furnished by the bank and disposed of the appeal along with pending applications.
Appeal withdrawn; bank guarantee valid up to 31.07.2026 released to the respondent bank.
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ICICI LOMBARD GENERAL INSURANCE CO LTD .....Appellant Through:
versus
ORIENTAL BANK OF COMMERCE .....Respondent Through: Mr. Syed Abdul Haseeb, CGSC with Mr. Vashchit Anand, GP for UOI/R-1 Mr. Rakesh Kumar, CGSC with Ms. Archana Surve, Govt. Pleader, Mr. Sunil, Advs. for UOI. Mr. Mr. S. K. Sharma, Mr. Kailash Sharma, Adv.
CORAM:
Learned counsel for the appellant on instructions submits that the appellant does not wish to pursue the present appeal and seeks permission to withdraw the present appeal.
Learned counsel for the respondent submits that the amount so deposited by the appellant was withdrawn by the respondent/bank against furnishing the bank guarantee.
Learned counsel for the respondent submits that since now the appellant has stated that he does not want to pursue the appeal, the bank guarantee furnished by the bank may be released by the Registry of this Court.
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 24/01/2025 at 15:14:45
In view of the submissions made above, the bank guarantee furnished by the bank/respondent valid up to 31.07.2026 be released to the bank/respondent as per the rules.
Accordingly, the present appeal along with pending applications stands disposed of.
DINESH KUMAR SHARMA, J
JANUARY 16, 2025 Pallavi/HT
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 24/01/2025 at 15:14:45
ICICI Lombard General Insurance Co Ltd
Oriental Bank of Commerce
Dinesh Kumar Sharma
As recorded by the court registry
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